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Winter Haven Medical Strip 205 1st St S 16,712 SF 100% Leased Office Building Winter Haven, FL 33880 $6,250,000 ($373.98/SF) 5.53% Cap Rate
Investment Highlights
- Anchored by Humanitary Medical Center with a 15-year lease through 2040, the asset offers a ~12.2-year WALT, delivering durable, predictable cash flow
- Built in 2021, the property provides immediate income with minimal capital expenditure risk at a basis below replacement cost
- Fully occupied by a healthcare tenant mix with annual rent increases of 2.5%-3.0%, providing built-in NOI growth and protection against inflation
- Minutes from LEGOLAND Florida Resort contributing to millions of annual visitors and supporting sustained demand for medical, retail, and service uses
Executive Summary
Anchored by Humanitary Medical Center with a 15-year lease through 2040, the asset offers a ~12.2-year WALT, delivering durable, predictable cash flow and strong exit liquidity. Fully occupied by a healthcare-oriented tenant mix with annual rent increases of 2.5%-3.0%, providing built-in NOI growth and protection against inflation. Built in 2021, the property provides immediate income with minimal capital expenditure risk at a basis below replacement cost.Minutes from LEGOLAND Florida Resort, contributing to millions of annual visitors and supporting sustained demand for medical, retail, and service uses.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,712 SF
Building Class
B
Year Built
2021
Price
$6,250,000
Price Per SF
$373.98
Cap Rate
5.53%
NOI
$345,625
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,712 SF
Building FAR
0.30
Lot Size
1.30 AC
Opportunity Zone
Yes
Zoning
(DOR Code 1943) - Medical Complex/ Doctors Offices (DOR Code 1943)
Parking
54 Spaces
Amenities
- Signage
- Wheelchair Accessible
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 26-28-29-621000-016011 | Improvements Assessment | $2,447,579 |
| Land Assessment | $372,642 | Total Assessment | $2,820,221 |
Property Taxes
Parcel Number
26-28-29-621000-016011
Land Assessment
$372,642
Improvements Assessment
$2,447,579
Total Assessment
$2,820,221
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Presented by
Green Towers Realty
Winter Haven Medical Strip | 205 1st St S
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